Bitcoin Forum
November 17, 2017, 05:46:28 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 ... 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 [64] 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 ... 1348 »
  Print  
Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3860066 times)
niko
Hero Member
*****
Offline Offline

Activity: 742


There is more to Bitcoin than bitcoins.


View Profile
January 10, 2013, 08:32:23 AM
 #1261

This information must be buried somewhere around pages 13-15, but I cannot find it: what is the number of outstanding shares (sold in IPO, including the "extras")?  EDIT: see answer below.

Also, a clarification is needed: after investors have received their 0.1 btc per share, further profits will be distributed as (assuming X was the number of shares sold to the investors) -
(1) 1/400`000 per share, regardless of X, or
(2) 1/(200`000+X) per share, or
(3) 1/(2X) per share

 Huh

EDIT: relevant quotes -
 
@Jutarul

Within my understanding, the way friedcat raise capital for the bitfountain is a little different than traditional. The total number of shares of the bitfountain is 400k, and no matter how many ASIC shares we purchase through the IPO, the number of bitfountain shares outstanding will not be impacted. Things happen in this way:

1. Bitfountain has 400k shares issued, which all belongs to the 3 partners.
2. An SPV set up named ASICMINER. the total number of shares outstanding is not decided.
3. Whenever ASICMINER issue 1 share, the 3 partners will sell 1 share of bitfountain to the ASICMINER at the price of 0.
4. ASICMINER will be responsible for the R&D cost of the bitfountain. if the money ASICMINER raised through its IPO is more than bitfountain need, there will be a special big dividend.
5. ASICMINER's share in bitfountain has a preference in the dividend distribution of bitfountain.

In conclusion, 1 ASICMINER share represents 1 bitfountain share, with some privilege.

Thanks for the interpretation. I suspect these things get cleared up when friedcat prepares his first report and/or releases the business plan to board members. My current understanding diverges a bit from yours, mainly because I see 200k shares issued on GLBSE for ASICMINER. Thus, in your language, the shares already got sold from BITFOUNTAIN to ASICMINER beginning of August at a price of 0. All 200k shares are in the possession of ASICMINER. Those shares which haven't been sold through the IPO to the shareholders should still be in the account for ASICMINER.




The IPO is officially closed. However, if you seriously consider becoming a board member by going through the bulk purchase option, please contact friedcat. There is still a pile of shares which didn't get sold. However, using those may require the approval of the existing board members, since it effectively dilutes the existing shares. (currently a share is worth more than 1/200,000, because not all shares were sold).

ADDENDUM: the current traded quantity can be observed through: https://glbse.com/api/quantity_trading/ASICMINER
(which is 154262 at the time of writing)


They're there, in their room.
Your mining rig is on fire, yet you're very calm.
1510940788
Hero Member
*
Offline Offline

Posts: 1510940788

View Profile Personal Message (Offline)

Ignore
1510940788
Reply with quote  #2

1510940788
Report to moderator
1510940788
Hero Member
*
Offline Offline

Posts: 1510940788

View Profile Personal Message (Offline)

Ignore
1510940788
Reply with quote  #2

1510940788
Report to moderator
Coinlancer is Disrupting the Freelance marketplace!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1510940788
Hero Member
*
Offline Offline

Posts: 1510940788

View Profile Personal Message (Offline)

Ignore
1510940788
Reply with quote  #2

1510940788
Report to moderator
1510940788
Hero Member
*
Offline Offline

Posts: 1510940788

View Profile Personal Message (Offline)

Ignore
1510940788
Reply with quote  #2

1510940788
Report to moderator
1510940788
Hero Member
*
Offline Offline

Posts: 1510940788

View Profile Personal Message (Offline)

Ignore
1510940788
Reply with quote  #2

1510940788
Report to moderator
LazyOtto
Sr. Member
****
Offline Offline

Activity: 476


View Profile
January 11, 2013, 01:04:41 AM
 #1262

Update
...
Thank you, friedcat.

Information from you is always very much appreciated.
niko
Hero Member
*****
Offline Offline

Activity: 742


There is more to Bitcoin than bitcoins.


View Profile
January 11, 2013, 02:31:39 PM
 #1263

I have received a confirmation email with the correct addy and the number of shares. Thank you, friedcat, for cleaning up the GLBSE mess.

They're there, in their room.
Your mining rig is on fire, yet you're very calm.
JordanL
Donator
Sr. Member
*
Offline Offline

Activity: 294



View Profile
January 11, 2013, 10:39:00 PM
 #1264

Have any details been released about ASICMINER shares being re-listed on one of the exchanges?

If anyone is selling shares, please contact me.
lophie
Hero Member
*****
Offline Offline

Activity: 924


Unlimited Free Crypto


View Profile
January 13, 2013, 05:06:00 PM
 #1265

Thank you for the email. Now I can emotionally move on from GLBSE issue.

2GOOD
Hero Member
*****
Offline Offline

Activity: 524


First bits: 12good


View Profile WWW
January 13, 2013, 10:05:11 PM
 #1266

Do I have to do something special to receive such an e-mail... I've send a claim email long time ago and AFAIK GLBSE sent shareholders info too....

Български Биткойн Форум - BitcoinBG.eu
Tips accepted at: 12good4Buys8cvTj6EB4MTGNTSC4w9Swnz
niko
Hero Member
*****
Offline Offline

Activity: 742


There is more to Bitcoin than bitcoins.


View Profile
January 13, 2013, 10:27:11 PM
 #1267

Do I have to do something special to receive such an e-mail... I've send a claim email long time ago and AFAIK GLBSE sent shareholders info too....
I suggest waiting a few more days, obviously they are still processing claims and sending out confirmations every day. Busy with engineering, too.

They're there, in their room.
Your mining rig is on fire, yet you're very calm.
DutchBrat
Hero Member
*****
Offline Offline

Activity: 868


View Profile
January 14, 2013, 02:12:54 AM
 #1268

GOOD NEWS!!!

BFL won't start shipping before Feb 10th https://forums.butterflylabs.com/announcements/692-bfl-asic-status.html

So we have a couple more weeks to mine at lower difficulty  Grin
rxw
Jr. Member
*
Offline Offline

Activity: 49


View Profile
January 14, 2013, 03:23:23 AM
 #1269

GOOD NEWS!!!

BFL won't start shipping before Feb 10th https://forums.butterflylabs.com/announcements/692-bfl-asic-status.html

So we have a couple more weeks to mine at lower difficulty  Grin

However, Avalon ASIC has announced that they're shipping their first batch by the end of the week (about 20 TeraHash worth, if I remember correctly). They haven't posted pictures or videos of any prototypes, but I haven't seen any reason to doubt they're a trustworthy company either. It'll be a close race to see who's first, that's for sure!
2weiX
Legendary
*
Online Online

Activity: 1834

bitcoincommodities.com


View Profile
January 14, 2013, 01:23:22 PM
 #1270

got my 170-odd shares secured.
what now?

am i rich?
sell for 1 each?
rxw
Jr. Member
*
Offline Offline

Activity: 49


View Profile
January 14, 2013, 01:39:23 PM
 #1271

got my 170-odd shares secured.
what now?

am i rich?
sell for 1 each?

Nobody is buying for 1 each
2weiX
Legendary
*
Online Online

Activity: 1834

bitcoincommodities.com


View Profile
January 14, 2013, 01:50:08 PM
 #1272

got my 170-odd shares secured.
what now?

am i rich?
sell for 1 each?

Nobody is buying for 1 each

DAMN.
kibblesnbits
Hero Member
*****
Offline Offline

Activity: 556


View Profile
January 15, 2013, 01:07:13 AM
 #1273

got my 170-odd shares secured.
what now?

am i rich?
sell for 1 each?

Nobody is buying for 1 each

DAMN.


Give it a couple weeks  Wink

ASICMINERTUBE
   
  The Best $/Gh Bitcoin Miner So Far
   ►►►   DISCOVER NOW !!!   ◄◄◄
niko
Hero Member
*****
Offline Offline

Activity: 742


There is more to Bitcoin than bitcoins.


View Profile
January 15, 2013, 11:51:34 PM
 #1274

At this moment:

They're there, in their room.
Your mining rig is on fire, yet you're very calm.
punin
Hero Member
*****
Offline Offline

Activity: 560


View Profile WWW
January 16, 2013, 08:47:09 AM
 #1275

Update would be nice.

Head of Product Development
Bitfury Group
www.bitfury.com
DutchBrat
Hero Member
*****
Offline Offline

Activity: 868


View Profile
January 16, 2013, 08:48:34 AM
 #1276

Update would be nice.

Usually on Thursday
anddy78
Member
**
Offline Offline

Activity: 86


View Profile
January 16, 2013, 10:20:47 AM
 #1277

Where is my mail?  Cry
Edit: Got it! Thanks.  Grin

Available for adverstissing
Please donate 1AnddyB1jyCoWSTEZU9XK1ihdT6LMXbknG
I'm poor, share your happiness ;-)

Pyramining Referrals
http://pyramining.com/referral/3xf4tg9b2
http://pyramining.com/referral/hdf34qy9p
http://pyramining.com/referral/bcp4qe7nh
Tachikoma
Hero Member
*****
Offline Offline

Activity: 938



View Profile WWW
January 17, 2013, 11:05:23 AM
 #1278

Seems the trend of the thursday morning (GMT+1) updates have been broken, and at such a crucial time. I wouldn't mind an update Smiley

Electrum: the convenience of a web wallet, without the risks | Bytesized Seedboxes BTC/LTC supported
friedcat
Donator
Legendary
*
Offline Offline

Activity: 848



View Profile
January 17, 2013, 12:42:49 PM
 #1279

Update

What happened last week:

1. Workshop with sufficient power supply and cables for mining farm settled.
2. Solution of mechanical parts such as heatsinks done and products bulk-ordered.
3. The mass production (second batch) of the chips starts in the fab.
4. The rest 6 wafers finished and in the QC stage.
5. Waiting for all the main boards assembled with chips and components done.

We would like to say that the shareholders of ASICMINER are always in a better place now, than device users. because while  the everlasting free upgrade from providers for users is not possible, all our future products will benefit our shareholders. Thanks to all shareholders for taking the risks with/for us as investors in the beginning of our project. Higher risks are almost always rewarded with higher returns when the risks are eliminated. Now the biggest risks have gone so please expect the enjoying of both short-term and long-term profits of us in the next years. And also thanks for your patience.

The deploying with the whole 12 wafers may take more than two weeks. But everything is progressing well and no exceptions happened. We will make more frequent updates when any new milestones are hit.

DiabloD3
Legendary
*
Offline Offline

Activity: 1162


DiabloMiner author


View Profile WWW
January 17, 2013, 01:26:29 PM
 #1280

Update

What happened last week:

1. Workshop with sufficient power supply and cables for mining farm settled.
2. Solution of mechanical parts such as sub-racks and heatsinks done and products bulk-ordered.
3. The mass production (second batch) of the chips starts in the fab.
4. The rest 6 wafers finished and in the QC stage.
5. Waiting for all the main boards assembled with chips and components done.

If our competitor meets their deadline and ships the products on time, congratulations to them. However, the shareholders of ASICMINER are always in a better place now, than device users. because while  the everlasting free upgrade from providers for users is not possible, all our future products will benefit our shareholders. Thanks to all shareholders for taking the risks with/for us as investors in the beginning of our project. Higher risks are almost always rewarded with higher returns when the risks are eliminated. Now the biggest risks have gone so please expect the enjoying of both short-term and long-term profits of us in the next years. And also thanks for your patience.

The deploying with the whole 12 wafers may take more than two weeks. But everything is progressing well and no exceptions happened. We will make more frequent updates when any new milestones are hit.

So the completed boards should be back early Feb?

Pages: « 1 ... 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 [64] 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 ... 1348 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!